This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included in this presentation that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward looking statements. The words "anticipates", "plans", "estimates", "believes", "expects", "intends", "will ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number 001-31759 PHX MINERALS INC. (Exact name of registrant as specified in its charter) DELAWARE 73-1055775 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1320 South University Drive, Suite 720, Fort Worth, Texas 76107 (Address of principal executive offices) Registrant's telephone number including area code (405) 948-1560 Securities registered pursuant in ...

– New company name from the former Panhandle Oil & Gas to better align with strategy • Former Company reserve footprint was scattered and consisted of both mature legacy nonoperated working interest and royalty interest – Historically, no catalyst to provide predictable / sustainable volume or reserve growth • Since 2020, have high graded assets by divesting virtually all of the material non-operated working interest assets and redeploying proceeds and free cash flow into mineral acquisition strategy – Pred ...

PHX Minerals Inc. (NYSE:PHX) Q3 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Rob Fink - FNK IR. Chad Stephens - President and CEO Danielle Mezo - VP, Engineering Ralph D'Amico - SVP and CFO Conference Call Participants Derrick Whitfield - Stifel Jeff Grampp - Alliance Global Partners Donovan Schafer - Northland Capital Markets Operator Good morning and thank you for attending today's PHX Minerals June 30th, 2023 Quarter End Earnings Conference Call. At this time, all lines w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number 001-31759 PHX MINERALS INC. (Exact name of registrant as specified in its charter) DELAWARE 73-1055775 (State or other jurisdiction of incorporation or organization) | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, $0.01666 par value | PHX | New York Stock Exchange | Indicate by check mark whether the registrant (1) has filed all ...

Financial Data and Key Metrics Changes - Net income for the quarter was $9.6 million or $0.27 per share compared to $3.3 million or $0.09 per share for the prior sequential quarter, reflecting a significant improvement [5] - Adjusted EBITDA increased to $7.74 million in the quarter ended March 31, 2023, compared to $5.33 million in the December 31, 2022 quarter, driven by higher royalty volumes and reduced cash expenses [112] - Total natural gas, oil, and NGL sales revenues decreased 20% on a sequential quarter basis to a total of $11.9 million [65] Business Line Data and Key Metrics Changes - Royalty production increased 29% sequentially to 2,094 MMcfe, a quarterly record, primarily due to new wells in the Haynesville, Scoop, and Bakken [77] - Working interest sales revenues decreased 60% to $1.7 million due to lower production volumes associated with the divestiture of the Eagle Ford and Arkoma assets [110] - Royalty volumes represented 84% of total production during the March 31, 2023 quarter, up from 45% in 2021 [62] Market Data and Key Metrics Changes - Rig counts in the Haynesville dropped approximately 15% during the quarter from 76 to 64 rigs, while rig activity on PHX acreage increased from 10 in January to 14 at the end of the quarter [74] - Realized natural gas prices averaged $3.53 per Mcf, 38% lower than the prior sequential quarter [83] - Approximately 48% of natural gas production was hedged at average prices of $4.06 per Mcf [43] Company Strategy and Development Direction - The company has pivoted towards a minerals-only strategy with minimal capital commitments, allowing for quick capital reallocation [6] - The focus remains on acquiring high-quality mineral assets in core areas, particularly in the SCOOP/STACK region, while managing leverage [12][91] - The company aims to maintain a debt-to-EBITDA ratio around 1 to 1.2 times, reflecting a disciplined approach to capital management [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future commodity price improvements, particularly for natural gas, as supply and demand imbalances are expected to stabilize [73] - The company anticipates continued growth in royalty volumes, driven by new well completions and a strong inventory of undrilled locations [81][88] - Management acknowledged the challenges posed by current natural gas pricing but remains committed to a patient and strategic approach to acquisitions [91][92] Other Important Information - The company recorded an income tax receivable of $776,000 this quarter compared to an income tax payable of $576,000 in the previous quarter, reflecting a net operating loss due to asset divestitures [49] - The company completed over $10 million in acquisitions during the quarter, enhancing its royalty asset base [59] - The asset retirement obligation liability decreased by $1.8 million since September 30, 2021, indicating continuous improvement in the balance sheet [86] Q&A Session Summary Question: What is the outlook for 2023 guidance given the current activity levels? - Management remains comfortable with 2023 guidance despite expectations for a softening in gas-focused activity, citing ongoing rig activity on their mineral acreage [116] Question: How is the company managing liquidity in light of the bank's price-related borrowing base cuts? - The company emphasized flexibility in capital allocation due to the divestiture of non-op working interests, allowing for quick responses to market conditions [121] Question: What is the company's strategy regarding hedging and exposure to commodity prices? - The company aims to balance locking in cash flow through hedges while maintaining upside exposure to commodity prices, particularly for new production volumes [99]

(I.R.S. Employer Identification No.) 1320 South University Drive, Suite 720, Fort Worth, Texas 76107 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number 001-31759 PHX MINERALS INC. (Exact name of registrant as specified in its charter) DELAWARE 73-1055775 (State or other jurisdiction of incorporation or organization) (Address of principal executive offices) Registrant's telephone number including area code (405) 948-1560 Securities registered pursuant in ...

PHX Minerals Inc. (NYSE:PHX) Q1 2023 Earnings Conference Call February 9, 2023 11:00 AM ET Rob Fink - FNK IR Ralph DÂ'Amico - VP and CFO Chad Stephens - President and CEO Danielle Mezo - VP, Engineering Operator Company Participants Conference Call Participants Donovan Schafer - Northland Capital Markets Derrick Whitfield - Stifel Good morning and thank you for attending today's PHX Minerals December 31st 2022 Quarter End Earnings Conference Call. At this time, all lines will be muted during the presentatio ...

PHX Minerals Inc. (NYSE:PHX) Q4 2022 Earnings Conference Call December 14, 2022 11:00 AM ET Company Participants Steven Li - FMK IR Ralph D’Amico - Vice President and Chief Financial Officer Chad Stephens - President and Chief Executive Officer Danielle Mezo - Vice President, Engineering Conference Call Participants Derrick Whitfield - Stifel Donovan Schafer - Northland Capital Markets Jeffrey Campbell - Alliance Global Partners Nicholas Pope - Seaport Research Operator Good morning and thank you for attend ...

NYSE: PHX Investor Presentation December 2022 Cautionary Statement Regarding Forward-Looking Statements This presentation does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of PHX Minerals Inc. ("PHX" or the "Company"). No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Cautionary Statement Regarding Forward-Looki ...